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380 Lexington Avenue, New Y...

H&R Block Leases Retail Space At 380 Lexington Avenue, Murray Hill
LEASEDRetail

H&R Block Leases Retail Space At 380 Lexington Avenue, Murray Hill

380 Lexington Avenue, New York City, New York 10168, United States

Building Size

774 SF

Asset Type

Retail

Closing

Jan 24, 2022

AI

A retail property located at 380 Lexington Avenue in Murray Hill has been leased. The property, with an address at 380 Lexington Avenue, is situated in the Murray Hill market. The asset is classified as retail.

Summary of transaction details

  • Property Type: Retail
  • Address: 380 Lexington Avenue
  • Market: Murray Hill

H&R Block has become the tenant for the leased space at 380 Lexington Avenue. The leasing deal was facilitated by Vince Sweeney and Ryan Fridolfs from Meridian Retail Leasing, as well as Michael Azarian and James Ariola from Cushman & Wakefield.

The asking rent for the property was $697 per square foot, with a total area of 774 square feet.

Players

James Ariola

Cushman & Wakefield

Broker

7 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93